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Acting PM Prawit asks Finance Ministry to monitor weak baht

Acting Prime Minister Prawit Wongsuwan has asked the Finance Ministry to closely monitor the weak baht and its volatility and seek broad opinion to determine policies, a government official said on Tuesday.

Bangkok Post

Tax hike on sugary drinks postponed

The cabinet has postponed the third-phase increase in excise tax on sugary beverages for six months, until March next year, to help combat the rising cost of living.

Bangkok Post

Arkhom calls for study of loopholes related to forex

Finance Minister Arkhom Termpittayapaisith has asked the Securities and Exchange Commission (SEC) and the Bank of Thailand to examine any legal loopholes to prevent recurring cases of foreign exchange Ponzi schemes.

Bangkok Post

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8-10m tourist arrivals in 2022 - finance minister

Thailand expects 8 million to 10 million foreign tourist arrivals this year after reopening the country to visitors, Finance Minister Arkhom Termpittayapaisith said on Saturday.

Bangkok Post

New law forces Student Loan Fund rejig

The Student Loan Fund needs to review its management to ensure sustainability, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Arkhom pushes insurance variants

The Office of the Insurance Commission should consider approving insurance that covers environmental damage and damage to state infrastructure, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Economy, politics shape year

The government will continue to use tax measures to subsidise high energy prices throughout the year to ease people's rising living costs, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Govt will continue to subsidise energy prices, says finance minister

The government will continue to use tax measures to subsidise high energy prices throughout this year, with the aim of easing the high cost of living, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Economy to grow up to 3.5% this year, finance minister says

The economy is expected to grow 3% to 3.5% this year, with a slow but steady recovery as the crucial tourism sector picks up and exports remain good, Finance Minister Arkhom Termpittayapaisith told a business forum on Wednesday.

Bangkok Post

Senate says taxes can replace budget cuts

A Senate committee has urged the government to give local authorities more power to collect tax revenues as budget allocations to local agencies under the budget bill for fiscal 2023 are low.

Bangkok Post

Listed crypto miners post H1 losses

Several listed crypto mining companies reported operating losses in the first half of this year as crypto prices tanked, forcing many crypto platforms to go bankrupt.

Bangkok Post

Arkhom upbeat on Thai growth outlook of 3.5%

Thailand's economy could grow by 3.5% this year, depending on how the tourism and export sectors perform in the second half, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Pace of rate rises will be gradual - Bank of Thailand

The Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday.

Bangkok Post

State firms told to hit target

Finance Minister Arkhom Termpittayapaisith has urged state enterprises to meet the disbursement target this year set at 95% of their total investment budget of 350 billion baht.

Bangkok Post

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Bangkok Post

Finance minister: Economy to grow 3.0-3.5% this year, recovery intact

Thailand's economy is expected to grow by 3.0% to 3.5% this year, helped by public investments and a pick-up in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Monday.

Bangkok Post

Economy will grow faster in Q3 as investment, tourism return: Arkhom

Thailand's economic growth is expected to accelerate in the third quarter after a weaker-than-expected second quarter as public investment spending increases along with a recovery in tourism, the finance minister said on Wednesday.

Bangkok Post

Arkhom advocates policy normalisation

It is time Thailand's fiscal and monetary policies returned to normal, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Accenture opens digital hub in Bangkok

Accenture, a global professional service provider, has launched its new Intelligent Operations Centre (IOC) in Bangkok to accelerate digitalisation among businesses, with the digital economy expected to account for 35% of Thailand's GDP by 2025.

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Bangkok Post

Banks asked to freeze rates - finance minister

Commercial banks should not rush to raise their interest rates even though the Bank of Thailand (BOT) will tighten monetary policy, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Thai Airways’ B80bn capital-raising plan led by govt

Thai Airways International Plc will receive key financial support from the government for its 80 billion baht capital raising and debt-to-equity swap plan aimed at helping the state-controlled carrier come out of its pandemic-induced bankruptcy.

Bangkok Post

Bank of Thailand to get more powers in crypto law overhaul

The government plans to overhaul digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses.

Bangkok Post

Finance minister favours modest rate hike to shield growth

The Bank of Thailand (BoT) should stay away from a steep policy tightening path to protect the economy’s nascent recovery while taming the fastest inflation in more than a decade, according to the finance minister.

Bangkok Post

Borrowers prepare to take a hit

Some business sectors are concerned about the effect of the Bank of Thailand's anticipated interest rate hike on companies and the public, while related private and state organisations have vowed to do their best to mitigate the impact.

Bangkok Post

Cabinet okays B27.4bn subsidies to help poor

The cabinet on Tuesday approved additional economic assistance measures worth 27.4 billion baht, including an extension of the "Khon La Khrueng" co-payment scheme to help alleviate the hardship of people affected by higher costs of living amid high inflation.

Bangkok Post

Extension of excise tax cut okayed

The cabinet on Tuesday approved extending the reduction of excise tax on diesel by 5 baht per litre for another two months from July 21 to Sept 20 to mitigate the impact of high energy prices.

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Prawit Wongsuwon

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Arkhom Termpittayapaisith

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Anucha Burapachaisri

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